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SEC Commissioner Peirce says new crypto ETP rules aim to cut ‘chaos’
SEC Commissioner Hester Peirce said the regulator’s new generic listing standards for crypto exchange-traded products (ETPs) were introduced to remove uncertainty that plagued earlier Bitcoin approvals. “Last week we put out generic listing standards and that really was an answer to the sort of chaos that had surrounded our approval of Bitcoin exchange traded products,” Peirce told TheStreet Roundtable. She recalled how the SEC repeatedly rejected Bitcoin ETF applications until a court ruling forced the agency to shift course. Even after approvals, Peirce said, conditions imposed on issuers were “pretty ... (full story)
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